U.S. Markets closed
  • S&P 500

    4,387.16
    -8.10 (-0.18%)
     
  • Dow 30

    34,838.16
    -97.31 (-0.28%)
     
  • Nasdaq

    14,681.07
    +8.39 (+0.06%)
     
  • Russell 2000

    2,215.50
    -10.75 (-0.48%)
     
  • Crude Oil

    71.48
    +0.22 (+0.31%)
     
  • Gold

    1,816.20
    -6.00 (-0.33%)
     
  • Silver

    25.44
    -0.13 (-0.51%)
     
  • EUR/USD

    1.1876
    0.0000 (-0.0000%)
     
  • 10-Yr Bond

    1.1740
    -0.0650 (-5.25%)
     
  • Vix

    19.46
    +1.22 (+6.69%)
     
  • GBP/USD

    1.3891
    +0.0008 (+0.0542%)
     
  • USD/JPY

    109.2970
    -0.0120 (-0.0110%)
     
  • BTC-USD

    39,379.67
    -459.56 (-1.15%)
     
  • CMC Crypto 200

    951.68
    -9.21 (-0.96%)
     
  • FTSE 100

    7,081.72
    +49.42 (+0.70%)
     
  • Nikkei 225

    27,781.02
    +497.43 (+1.82%)
     

Penn National Gaming to offer $400 million of 8-year high-yield bonds, offers upbeat revenue guidance

Penn National Gaming to offer $400 million of 8-year high-yield bonds, offers upbeat revenue guidance

Penn National Gaming Inc. said Thursday it is offering $400 million of 8-year, high-yield bonds in a private offering. The casino operator said proceeds will be used for general corporate purposes. The company expects revenue for the three months ended June 20 to range from $1.450 billion to $1.555 billion, which compares with a FactSet consensus of $1.365 billion. Shares were up 2.6% premarket, but have fallen 11% in the year to date, while the S&P 500 has gained 13%.